Hemsö purchases three properties for SEK 52 m Through Hemsö, its joint venture with AP3 (the Swedish Third Pension Insurance Fund), listed Swedish property company Kungsleden AB (publ) is purchasing three properties for a total purchase price of SEK 52 m excluding transaction costs. The property yield is 6.7%. This property portfolio consists of a retirement home with an office section, a day centre and sheltered housing with gross leasable area of approximately 3,500 sq.m. The properties are located in Täby, a suburb of Stockholm, with all areas let to the Municipality of Täby. Total rental value is SEK 4.5 m. Completion is scheduled for 1 January 2012. “This transaction involves long leases with the Municipality of Täby, which ensures long-term stable returns,” commented Kungsleden's Chief Executive Thomas Erséus. [image] For more information, please contact: Thomas Erséus, CEO Kungsleden | phone 46 (0)8 503 052 04 | mobile 46 (0)70 378 20 24 Johan Risberg, Deputy CEO Kungsleden | phone 46 (0)8 503 052 06 | mobile 46 (0)70 690 65 65 www.kungsleden.se (http://www.kungsleden.se)
Hemsö purchases three properties for SEK 52 m
| Source: Kungsleden AB